CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has released a report highlighting pressing issues in the US online gambling market, especially in states where gambling has been legalised without proper regulation. The report claims that consumer losses have surged in legalised zones, revealing significant dangers posed by unlicensed operators who attract gamblers through bigger bonuses.
Key Points
- Consumer harm rises sharply in states where online gambling is legal but inadequately enforced.
- States with only online sports betting report an increase in average losses compared to those without legal gambling.
- 74% of online gross gaming revenue in the US goes to unlicensed operators.
- The CFG criticises current regulatory measures as a systemic failure to control the unlicensed gambling market.
- There is a call for urgent regulatory reforms to enhance enforcement and mitigate consumer harm.
Why should I read this?
If you have any interest in the future of gambling in America, you can’t afford to ignore this study. It dives into the crux of why legalising online gambling isn’t shaping up as it should, raising alarm bells about unlicensed operators cashing in on the chaos. Get the scoop here and see how it all connects to you!
